Multi-vehicle is a term used in relationship to automobile insurance discounts for which you may qualify. Some insurance companies will grant this discount if you can provide proof that you have more then one vehicle insured with them.

Some insurance companies will require that all vehicles be listed on the same policy or that all names be identical in order to qualify for the multi-vehicle discount.

This discount can reduce premium on the liability (PLPD), collision and upset as well as comprehensive or specified perils (Section C).

The insurance answer is that if the quote you have chosen is the best price for the coverage you wish then you really are not too concerned about the actual discounts you have received. This will only impact you if you lose a discount. An example for multi-vehicle would be if you sold the second vehicle. The effect on your price will be that you will receive a credit for the vehicle you no longer own. You will also see an increase on the remaining vehicle as the extra discount now disappears.

It is still a good idea to check that you are receiving all available discounts as you situation may have changed. Talk to your broker or agent about your specific policy.